Faysal Abhem Rodriguez Valenzuela Sells 5,623 Shares of Torex Gold Resources Inc. (TSE:TXG) Stock

Torex Gold Resources Inc. (TSE:TXG) Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of C$28.97, for a total transaction of C$162,898.31.

Torex Gold Resources Price Performance

Shares of Torex Gold Resources stock opened at C$30.32 on Friday. The company has a market cap of C$2.61 billion, a PE ratio of 18.27, a P/E/G ratio of 0.02 and a beta of 1.34. The business has a 50 day moving average of C$28.78 and a 200 day moving average of C$26.66. Torex Gold Resources Inc. has a 52 week low of C$12.79 and a 52 week high of C$32.75. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32.

Torex Gold Resources (TSE:TXG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.82 by C$0.20. Torex Gold Resources had a net margin of 11.16% and a return on equity of 7.12%. The company had revenue of C$427.96 million for the quarter. As a group, equities research analysts forecast that Torex Gold Resources Inc. will post 3.6254502 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TXG. CIBC raised their price objective on Torex Gold Resources from C$33.00 to C$34.50 in a research note on Monday, December 2nd. National Bank Financial upgraded Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. National Bankshares raised Torex Gold Resources from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$31.25 to C$37.75 in a research note on Thursday, October 10th. Raymond James raised their target price on shares of Torex Gold Resources from C$33.00 to C$34.00 in a report on Tuesday, January 7th. Finally, Scotiabank increased their price target on shares of Torex Gold Resources from C$33.00 to C$37.00 in a research report on Thursday, November 21st. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$34.81.

About Torex Gold Resources

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.